£460,792
This estimated value is based upon the latest sale price for the house of £365,000 on 2 Mar 2018. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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7 Paynes Park, Hitchin, SG5 1EH
Phone: 01462228482
| Price Paid | Date |
|---|---|
| £365,000 | 2 Mar 2018 |
| £59,000 | 6 Jan 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 92 sq meters or 990 sq feet |
This model uses changes in the Official Land Registry House Price Index for HERTFORDSHIRE to estimate the market value.
When this house was purchased in March 2018 the House Price Index for HERTFORDSHIRE was 118.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.245%.Applying this 26.245% change to the original purchase price of £365,000 results in an estimated price of approximately £460,792.
| 2 Mar 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 149.7 | 26.245 % | £365,000 | £95,792 | £460,792 |
The Postcode Pricing Model uses changes in average sales price within the SG5 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 28.246 % | £103,099 | £468,099 |
| 3 Month Average | 29.628 % | £108,142 | £473,142 |
| 6 Month Average | 15.772 % | £57,568 | £422,568 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £353,986 | £345,000 | 132 HINE WAY |
| 7 Nov 2023 | £400,158 | £390,000 | 18 SWINBURNE AVENUE |
| 31 Aug 2023 | £493,908 | £485,000 | 18A SWINBURNE AVENUE |
| 28 Apr 2023 | £377,052 | £370,000 | 23 HINE WAY |
| 31 Mar 2023 | £330,520 | £325,000 | 121 WESTMILL ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 25 Aug 2017. Using an estimated price of £460,793 means this house is valued at £5,008 per sq meter (£465 per sq foot).
The average size of a house on SWINBURNE AVENUE is 95 sq meters (1,026 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Under investigation | On or near Westmill Lane |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Westmill Lane |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Westmill Lane |